Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
As virus threatens, U.S. embraces big government, for now
By Howard Schneider WASHINGTON, March 28 (Reuters) - It may, as House Majority Leader and Maryland Democrat Steny Hoyer said on Friday, be out of love that the United States agreed to shut down much o...
Mar 28, 2020
Satellite operator OneWeb files for Chapter 11 bankruptcy plan
(Reuters) - OneWeb, the satellite operator backed by SoftBank Group Corp has filed for a voluntary Chapter 11 bankruptcy plan to pursue a sale of its business, the company said late on Friday. (Report...
Mar 27, 2020
Canada’s top lenders cut prime rates after central bank’s surprise move
(Reuters) - Canada's top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key interest rate to help the county weather the economic fal...
Mar 27, 2020
Fed action pushes top-rated U.S. corporate bond issuance to record
By Joshua Franklin NEW YORK (Reuters) - U.S. companies raised a record $109.1 billion through investment-grade bond sales this week, as corporate America hoarded cash following measures unveiled on Mo...
Mar 27, 2020
GM reaches $120 million settlement over lost vehicle value from defective ignition switches
(Reuters) - General Motors Co has reached a $120 million settlement with drivers who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths...
Mar 27, 2020
Apple’s factories are running, but suppliers wary about iPhone demand
By Yimou Lee, Heekyong Yang and Krishna N. Das (Reuters) - As China reopens its economy after months of lockdown, Apple Inc's iPhone factories are largely up and running. But with the coronavirus pand...
Mar 27, 2020
Airbnb to halt all marketing, most hiring as losses mount: The Information
(Reuters) - Airbnb plans to halt all of its marketing, pause most hiring, and likely withhold employee bonuses as it tries to conserve cash amid a slide in bookings, CEO Brian Chesky told employees in...
Mar 27, 2020
Canada delays capital changes for smaller banks, eases liquidity rules
By Nichola Saminather TORONTO (Reuters) - Canada's banking regulator is postponing the implementation of changes to capital requirements for smaller banks as part of a slew of measures undertaken by a...
Mar 27, 2020
Almost one in four Americans lost job or furloughed because of coronavirus: Reuters/Ipsos poll
By Chris Kahn NEW YORK (Reuters) - Nearly one in four U.S. adults said they have been laid off or furloughed during the coronavirus outbreak, yet a bipartisan majority of Americans wants businesses to...
Mar 27, 2020
U.S. airlines cheer government relief, warn weak demand may still force downsizing
By Tracy Rucinski CHICAGO (Reuters) - United Airlines Holdings Inc and Delta Air Lines pledged to maintain staff until Sept. 30 thanks to a government relief package passed on Friday, but warned of co...
Mar 27, 2020
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